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Governance

Profile of Board of Directors

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Mr. Rafiq M. Habib

Mr. Rafiq Habib is the chairman of the Habib Insurance Company Limited.

As the head of the House of Habib – a leading financial and business conglomerate in Pakistan that employs well over 15,000 people across various sectors – Mr. Rafiq Habib possesses decades of rich experience in building and managing successful businesses, especially in the insurance and banking industries. He has received multiple awards for his dynamic leadership and innovative approach to solving industry problems.

Mr. Rafiq Habib is also Vice President at Anjuman-E-Behbood Samat-E-Itefal and Member of Federation of Pakistan Chambers of Commerce & Industry, trustee of several welfare projects that cover a wide range of activities, including education, healthcare, relief and rehabilitation and on the board of 6 other companies.

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Mr. Mansoor G. Habib

Mr. Mansoor G. Habib is the Director of the Habib Insurance Company Limited.

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Mr. Muhammad Hyder Habib

Mr. Muhammad Hyder Habib is the Director of Habib Insurance Company Limited.

Muhammad H. Habib’s career in banking comprises close to four decades of experience. In 1992, he joined the General Management team of Habib Bank AG Zürich. His responsibilities encompassed UAE, Africa, UK, North America, and Switzerland and in 2011 became the President of the Bank.

Mr. Hyder Habib is also Director of HBZ Bank Limited, South Africa, Habib Canadian Bank Limited, Canada, Gefan Finanz AG, Switzerland and Habib Bank Zurich plc, UK.

Muhammad H. Habib completed his studies at the College de Leman in Geneva, Switzerland, and earned his degree in Business Administration from Babson College in Wellesley, Massachusetts (USA).

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Mr. Qumail R. Habib

Mr. Qumail R. Habib is the Director of the Habib Insurance Company Limited.

A member of the Habib Group, presently holding the position of Executive Director Bank Al Habib Limited – Mr. Qumail Habib is the son of Late Rashid D. Habib (the first Managing Director of Bank AL Habib).

Mr. Qumail Habib is a graduate in Business Economics from University of California and an active member of IBP and MAP.

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Mr. Aun Muhammad Habib

Mr. Mr. Aun Habib is the Executive Director of the Habib Insurance Company Limited.

A Bachelor of Arts with Honours (Economics) from the University of Sussex – Mr. Aun Habib is the CEO of Greenshield Insurance Brokers LLC (Dubai) since year 2000 and also director of Habib Investment Corporation UAE.

He has over 20 years of experience in various businesses.

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Mr. Shahid Ghaffar

Mr. Shahid Ghaffar is the Independent Director of the Habib Insurance Company Limited.

As the former Managing Director of NIT – one of the biggest Asset Management Company in the Country and the Chief Executive Officer of HBL Asset Management Limited for over 6 years – subsidiary of the largest Commercial Bank of Pakistan, Mr. Shahid Ghaffar has vast experience of working in capital markets including monitoring of projects, the debt/fixed income portfolio and the equity portfolio.

Mr. Shahid Ghaffar also served as the first non-member Managing Director of Karachi Stock Exchange (KSE) for 2 years and Executive Director/Commissioner for 5 years at the Securities and Exchange Commission of Pakistan.

Besides his relevant qualifications and experience, Mr. Shahid Ghaffar has played a major role in implementation of recent capital market reforms in Pakistan.

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Mr. Ali Fadoo

Mr. Ali Fadoo is the Independent Director of Habib Insurance Company Limited.

Mr. Ali is a Business Graduate and also the director of Toyota Defence Motors & Toyota Southern Motors.

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Ms. Maleeha Humayun Bangash

Ms. Maleeha Humayun Bangash is the Independent Director of Habib Insurance Company Limited.

As the former Managing Director (MD) of ICRU, (World Bank Group initiative with GoPb), Ms. Maleeha has over 20 years of rich and varied international experience in leadership positions in Singapore, Pakistan and Turkey primarily in the areas of Financial Services i.e Investments/ Asset Management, Private Equity, Corporate Banking and Marketing.

Ms. Maleeha also served as Chief Strategy Officer (UBL Funds), Executive Vice President & Chief Strategy Officer (JSIL) and Deputy CEO Habib Asset (Subsidiary of Bank AL Habib).


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Mr. Shabbir Gulamali

Mr. Shabbir Gulamali is affiliated with Habib Insurance Company Limited since 1999.

He joined as Chief Financial Officer & Company Secretary and held various positions including CEO from 2017 till 2022. He is now the Executive Director of the Company.

He is a Fellow member of the Chartered Association of Certified Accountants, UK (FCCA) and has over thirty years of experience in the fields of business consultancy, finance, corporate & secretarial affairs, including over twenty years in insurance. He started his career with KPMG Peat Marwick (Pvt) Limited, Management Consultancy.

He served as a Chairman of the Insurance Association of Pakistan (IAP) for the year 2020-21 and was the Vice Chairman for 2017-18. Mr. Gulamali has served as a Member of the Executive Committee for the years 2006-07 till 2009-10, 2011-12 till 2012-13 and 2017-18 till 2018-19 and then again in 2020-21. He has also served as a member of the Taxation & Legislation Committee of IAP for the years 2003-04 till 2012-13 and 2015-16 to date.

Key Documents

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Share Holding Pattern


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  • Tax Consultant

  • M/s. Abbas Karjatwala & Co.Chartered Accountants

  • Statutory Auditors

  • Grant Thornton Anjum Rahman, Chartered Accountants
  • Legal Advisor

  • M/s. Lari & Co.Chapal Plaza, Grant Road,Karachi
  • Designated Person: Murtaza Hussain | Chief Financial Officer